CoinDesk: Post-FTX Meltdown, Regulation-Abiding Companies Can Restore Trust

November 17, 2022

Various crypto companies appear to be preparing for bankruptcy following the collapse of cryptocurrency exchange FTX. The company and its founder Sam Bankman-Fried were heavily invested in other crypto companies around the world, but all of those investments are coming undone. “Bankruptcy court is a fishbowl,” said Daniel Shamah, co-head of the bankruptcy litigation group at O’Melveny & Myers LLP. “Every decision FTX made in recent weeks will be highly scrutinized by a litany of players – committees, potentially an examiner or a trustee, other investors – with a range of tools at their disposal. Expect this to be a long, expensive process that will take years to play out.”

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